09:26:28 EDT Wed 25 Mar 2026
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or Name
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Air Canada
Symbol AC
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Close 2026-03-24 C$ 18.05
Market Cap C$ 5,288,896,653
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Globe says Air Canada, rivals see new Montreal airport

2026-03-25 08:02 ET - In the News

Also In the News (C-ONEX) Onex Corp
Also In the News (C-TRZ) Transat AT Inc

The Globe and Mail reports in its Wednesday edition that Porter Aviation Holdings is making a big wager on a new airport terminal for Montreal's South Shore, aiming to draw four million passengers a year to a modern facility that it vows will be the envy of Canada's aviation industry. The Globe's Nicolas Van Praet writes that the Toronto holding company, which runs Porter Airlines, has partnered with Macquarie Asset Management on a $450-million private investment to build and operate a new terminal called the Montreal Metropolitan Airport, located at the existing Saint-Hubert airfield in Longueuil, which until now has been used for flight school training and private aviation. Construction is nearly complete, with flights set to begin on June 15. Service will be limited to domestic routes because Trudeau International has exclusivity rights over flights outside Canada. Montreal-Trudeau is currently the only major airport in the region. Porter will offer flights from the Met airport to 11 Canadian cities to start, including 27 weekly departures to Billy Bishop, 20 to Toronto Pearson and 14 to Vancouver. The Met should benefit in the short term from congestion at Trudeau, which is undergoing extensive renovations.

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